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Search Results 0 to 12 of about 13 (some duplicates have been removed)
flights in and out of boston. while the worst of the storm has yet to hit, many businesses and cities were busy making prarations today. erika ller repor. >> reporter: this monstrous storm is already being compared to the great blizzard of '78, when vast amounts of snow blanketed the ohio valley and the great lakes. that storm lasted 36 hours, leaving cars stranded. this storm could also be historic. weather forecasters predict it will leave up to three feet of snow in a wide swath stretching from new york to boston. preparations are well underway. airlines cancelled nearly 4,500 flights, leaving many travelers stranded. >> here at laguardia, as you can see, our port authority men and women are hard at work preparing for the storm. our fleet of snow removal vehicles and sand and agent spreaders are prepped and ready for action. >> reporter: amtrak has also canceled many trips in the northeast. the storm is expected to deliver a harsh blow to areas of the east coast still recovering from superstorm sandy. >> hurricane sandy cost the economy a $100 billion and the recovery efforts are still
: in new york city and elsewhere, preparations are being made for clean-up. >> we have more than 250,000 tons of salt on hand. >> reporter: according to the long island power authority, the storm has the potential to cause power outages for 100,000 customers on long island. and for the first time ever, lipa is deferring storm operations and response to its subcontractor, national grid. but in manhattan today, it was mostly business as usual, although many workers did try to leave early to beat the snow. and if the snowfall is anywhere close to the storm of '78, you'll see the impact in economic data in the weeks ahead. >> usually major storms cause increased volatility in economic data. so, that jobless claims jump significantly in the beginning as government offices close, because of the storm. and they surge back up after the offices reopened. >> reporter: if there's a silver lining in this storm, it's the timing. the heaviest snowfall will happen over the weekend. and the clean-up is expected well before valentines day, which contributes $18 billion to the economy. erika miller,
high from hosting the super bowl. the city's tourism officials say one million people are in town for the festivities. now, that's more than five times as many people who showed up for the super bowl. new orleans' economy took a big hit when hurricane katrina struck in 2005, but these big turnouts are helping its economic comeback. >> tourism is our most important industry. it's a $5 billion industry for new orleans. it employs 75,000 of our local citizens, so it is absolutely critical that we continue to do events like mardi gras, super bowls, final fours, big conventions, business meetings. that is the lifeblood of the city. >> susie: she also says this year's mardi gras is expected to bring in almost $150 million and that the planning never stops. tomorrow, new orleans will start working on mardi gras 2014. well, that's "nightly business report" for tuesday, february 12. have a great evening, everyone. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.c
, maybe two. peak travel to key cities could be snarled by late march. smaller airports may have to shut down altogether. you can find the list on the department of transportation's website. the administration denies these announcements are part of a campaign to pressure house republicans to change course and head off the cuts. >> the idea that we are doing this to create some kind of horrific scare tactic is nonsense. we are required to cut a billion dollars. and if more than half of our employees are at the f.a.a., the f.a.a.-- there has to be some impact. >> reporter: and the f.a.a. cuts don't include potential delays from cutbacks as t.s.a. furloughs employees. the defense department has already informed 800,000 workers they may be furloughed and face a 20% paycut as it struggles to find a way to cut $46 billion from its budget. adding it all up, the president warns the picture is not pretty. >> the overall impact to the recovery will be to slow down the recovery. and not only may there end up being direct job loss, but, because the economy is softer, it also means that we're not goi
Search Results 0 to 12 of about 13 (some duplicates have been removed)